CIT names ex-Merrill CEO Thain as chairman, CEO

This just made me laugh. Please. Criminal Bankers moving from Bank to Bank.

"As chairman and CEO of Merrill Lynch, Thain brokered the deal to sell the investment bank to Bank of America in what was considered a lifesaving move for the company at the height of the financial crisis. But he then came under fire for having paid out $3.6 billion in bonuses to Merrill employees just before the deal closed, and for spending more than $1 million to redecorate his office at Merrill, despite its massive losses. Thain resigned as head of global wealth management at the combined company shortly after the deal was completed."